Guideline Value for SHRUTHI GARDEN

Shruthi Garden guideline value

The current guideline value of Shruthi Garden, located in Orathur village under the Gooduvancheri SRO, is Rs 500 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Shruthi Garden has changed

The guideline value of Shruthi Garden has seen several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 335 per sq.ft. This was a decrease of 33%. The value then increased significantly by 49% to Rs 500 per sq.ft in the 2023 revision, which has remained the same in the 2024 revision, indicating no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 500 per sq.ft.

Guideline values in Orathur

In Orathur village, there are 80 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft, with the median being Rs 500 per sq.ft. The guideline value for Shruthi Garden is equal to this median.

• Shri Shanmuga Nagr Phase-IV: Rs 400 per sq.ft (2024)
• Shiridi Sai Nagar: Rs 600 per sq.ft (2024)
• Shanmuga Nagar Phase-I: Rs 500 per sq.ft (2024)
• Selvi Enclave: Rs 500 per sq.ft (2024)
• S.R.B Avenue: Rs 500 per sq.ft (2024)
• Sri Agatheshwarar Nagar: Rs 896 per sq.ft (2024)

Stamp duty and registration fee for property in Shruthi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shruthi Garden?

Shruthi Garden falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Orathur

The guideline value serves as a benchmark for property transactions in Orathur, ensuring that properties are registered at a value that reflects the area's pricing standards. It is crucial for buyers and sellers to be aware of the guideline value as it affects the stamp duty and registration fees applicable during property transactions.

When buying or selling property, the guideline value is used to determine the minimum value at which the property can be registered. This ensures transparency in property dealings and helps in calculating the necessary fees associated with the registration process.

Frequently asked questions

What is the current guideline value of Shruthi Garden?

The current guideline value of Shruthi Garden is Rs 500 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2012 to 2024, with a decrease to Rs 335 per sq.ft in 2017 and an increase back to Rs 500 per sq.ft in 2023.

What is the land classification of Shruthi Garden?

Shruthi Garden is classified as Residential Special Type - II, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property in Shruthi Garden?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which Sub Registrar Office covers Shruthi Garden?

Shruthi Garden is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.